The new law will come into force on 1 January 2014 and will affect all yachts over 7m in length. The tax will be levied on commercial and private vessels in Greek waters.
Annual rates:
Boats 7-8m in length - €200
8-10 м — €300
10-12 м — €400
Over 12 m - €100 per metre.
Larger boats ("12+") have two options to reduce costs: pay one month in advance (€10 per metre) or «permanently based» in Greece and get 30% discount off the annual tax.
Yachts without a paid receipt can be detained until the debt is paid to the country's authorities. Debtors will be fined 100%.
The information is published on the website of the British Cruise Association, the post is updated as new data becomes available.
